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Accountant is justifiable or not

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sofia mercedez
 
Reply Tue 5 Feb, 2013 12:10 pm
Q1.Explain to evaluate whether treatment of accrued expenses by the accountant is justifiable or not?

Q2.Interest is an expense but the accountant of the company has capitalized it as the value of plant. This action of accountant is permissible or not? Explain as per relevant IAS?
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Type: Question • Score: 0 • Views: 625 • Replies: 1
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roger
 
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Reply Tue 5 Feb, 2013 03:38 pm
@sofia mercedez,
Interest is a current expense. Plant and Equipment is capitalized.

You might have to restate your first question with a little more detail.
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